Thursday, October 13, 2016

Axiata to Maintain Controlling Stakes in Cambodia

13 October 2016

Malaysian telecom company, Axiata Group Berhad, the parent company of Cambodia’s Smart Axiata, is not ruling out the possibility of selling a minor part of its controlling stake in Smart. Company debt as of June was over $5 billion, in the works for over a year to sell some of its stakes in its Indonesian, Sri Lankan and Cambodian holdings might raise as much as $700 million.    

Source:
http://www.khmertimeskh.com/news/30746/axiata-to-maintain-controlling-stakes-in-cambodia/

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